Get Canada OPSEU Professional Liability Program Application 2013-2024

How much does professional liability insurance cost in Canada? The cost of professional liability insurance can range anywhere from $150 to $2,000 annually, depending on the amount of coverage and your level of inherent risks.

All in all, if you own a small business you should expect to pay anywhere from $500 to $5,000 annually for your business insurance policy. Remember, the price you pay will depend on the type of business you own and the associated risk factors of your trade.

The median cost of General Liability Insurance (Commercial General Liability or CGL) ranges from $425 to $921, and the annual average cost ranges from $483 to $2,758. Business insurance should cost anywhere from $741 a month with a median price of $428 per month.

Minimum Recommended Coverage While Ontario does not have any specific legal requirements for tenants to carry liability insurance, it is highly recommended to protect yourself financially. Typically, a minimum coverage of $1 million is recommended.

Professional Liability Insurance is not required by all professions to offer services; however, it's recommended for professionals who provide a service or advice, whether they work within a group of professionals or as solo entrepreneurs, as it protects against costs associated with claims or lawsuits that may ...

The College requires that all nurses who are eligible to practise nursing in Ontario hold PLP. The public can expect that any nurse who is listed on Find a Nurse as eligible to practice nursing in Ontario has professional liability protection.

Professional liability insurance typically covers negligence, copyright infringement, personal injury, and more. Claims covered by a professional liability policy can include damages caused by things you did and/or things that you should have done.

Professional Liability Insurance is not required by all professions to offer services; however, it's recommended for professionals who provide a service or advice, whether they work within a group of professionals or as solo entrepreneurs, as it protects against costs associated with claims or lawsuits that may ...